Quantinno Capital Management LP Has $439,000 Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Quantinno Capital Management LP grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 943 shares of the financial services provider’s stock after acquiring an additional 115 shares during the quarter. Quantinno Capital Management LP’s holdings in Kinsale Capital Group were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in Kinsale Capital Group during the 3rd quarter valued at $26,000. UMB Bank n.a. grew its holdings in shares of Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after buying an additional 49 shares during the last quarter. Signaturefd LLC increased its position in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Kinsale Capital Group by 225.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 79 shares during the last quarter. Finally, American National Bank & Trust bought a new position in Kinsale Capital Group in the 3rd quarter valued at about $55,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now directly owns 447 shares in the company, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock worth $3,618,954 over the last quarter. 5.60% of the stock is currently owned by company insiders.

Kinsale Capital Group Stock Down 0.0 %

Kinsale Capital Group stock opened at $506.73 on Friday. The firm has a 50 day moving average price of $474.35 and a 200-day moving average price of $444.93. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a market capitalization of $11.80 billion, a P/E ratio of 28.89, a P/E/G ratio of 2.19 and a beta of 1.13.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same period in the prior year, the company earned $3.31 earnings per share. Kinsale Capital Group’s revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 15.61 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Wall Street Analysts Forecast Growth

KNSL has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. BMO Capital Markets increased their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley started coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price for the company. Finally, Truist Financial cut their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $472.00.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.